Multiple Choice
Table 7-2
Table 7-2 above shows Keira's utility from soup and sandwiches. The price of soup is $2 per cup and the price of a sandwich is $3. Keira has $18 to spend on these two goods.
-Refer to Table 7-2.What is Keira's marginal utility per dollar spent on the third cup of soup?
A) 72 utils
B) 36 utils
C) 12 utils
D) 6 utils
Correct Answer:
Verified
Related Questions
Q2: Marginal utility is the
A)total satisfaction received from
Q7: Marginal utility can be
A)negative.
B)zero.
C)positive.
D)positive, negative, or zero.
Q10: Total utility
A)cannot decrease as a person consumes
Q16: Utility is
A)easily measured in units called utils.
B)subjective